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Technology Stocks : Westell WSTL

WSTL 6.100

-1.0%

Nov 14 9:30 AM EST

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To: PeterR1700 who wrote (9998)	4/2/1998 4:56:00 PM
From: cirrus	Read Replies (3) of 21342

A cardinal rule in business (and life, for that matter) is: "Never, ever, promise more than you can deliver." Seamans may have been a brilliant executive or an absolute ninny... I don't know. However, as an investor I tend to believe company executives when they publicly state as did Seamans in mid 1997 that "the dominos are falling.." and "three contracts have been signed and will be disclosed when the customers are ready..." (to paraphrase). We all know what happened. Nothing. in the absence of an explanation, I can only conclude that Seamans was either a liar or badly misspoke. In either case, after those remarks, I had zero confidence in Seamans and I suspect my feeling was shared by other investors, as well as perhaps others within the industry. All things considered, I too wish Seamans well and thank him for having the good sense to exit so the company can move forward. >>>though I wish Mr. Seamans well, there are certain folk who think his departure is a benefit for the company. Any thoughts appreciated.<<<

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